Celsius Network has processed over $1bn in cryptocurrency deposits since launching in 2018

Cryptocurrency interest-earning platform Celsius Network has stated that it has surpassed $1bn in total cryptocurrency deposits in less than two years after launching its mobile app.

“Financial equality and economic opportunity are more important today than ever before. We are experiencing a catalyst that requires a fundamental change in the way we earn and distribute wealth, not only in the US but around the world,” says Alex Mashinsky, CEO of Celsius Network.

“Anyone who experiences rejection or lack of social and financial mobility due to race, gender, credit score or job status can download the Celsius app and instantly start earning up to 100 times more than what they thought was possible. Celsians earn up to 11.9% annually on their crypto assets without paying any fees, credit checks, or other roadblocks invented by traditional banks to slow us down.

“Since day one, our mission has been to put financial freedom into the hands of seven billion people, and $1bn in retail deposits is only the beginning for us. We look forward to the day when billions of people leave the antiquated traditional banks behind and choose to unbank with Celsius. We proved we can bring the power back to the people.”

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